Revett Minerals Provides Hedging Update

Revett Minerals Inc. (AMEX: RVM; TSX: RVM) announced today an update on its recently initiated 2012 copper hedging program.

For 2012, the company has sold forward approximately 25% of forecast copper production at US$4.00 per lb. This transaction, for 100 metric tons per month, is for copper contained in concentrates produced at our Troy mine from January to December 2012.

For the fourth quarter of 2011, under a previously announced program, the company has sold forward approximately 50% of forecast copper production at US$3.55 per lb and approximately 25% of silver at US$19.00 per ounce. This transaction, for 200 metric tons and 30,000 ounces per month respectively, is for metal contained in concentrates produced at our Troy mine from October to December 2011.

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